Bitcoin.com is always been on a quest to promote Bitcoin adoption. Our educational resources, forums, newsdesk, and other services reflect that mission on a daily basis. Now our web portal is introducing a feature called Local Bitcoin Cash, a service that facilitates the peer-to-peer trading of local currency for bitcoin cash (BCH). The new service […]
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Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset. As the dollar crumbles and whispers of recession grow, bitcoin could spike alongside gold as a hedge against a future bear market in stocks. Bitcoin and Gold Strong Correlation As you can see in the chart below, both bitcoin and gold spent the week in an upward trend. Bitcoin
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The US stock market looks set to open to sharp losses, as Dow futures are trading deeply in the red in response to a new comment from President Donald Trump that cast doubt on his ability to strike a comprehensive trade deal with China within the near future. Dow Futures Signal Triple-Digit Plunge As of 8:55 am ET, Dow Jones Industrial Average futures had pared earlier losses but still lost 90 points or 0.35 percent, implying an opening bell plunge of 137.67 points. S&P 500 futures lost 9.5 points or 0.34 percent, and Nasdaq futures shed 29.25 points or 0.39
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In this edition of The Daily, we feature a couple of announcements by leading crypto exchanges. Binance starts selling cryptocurrency for cash at newsagent stores in Australia, while Huobi is launching its new token listing platform. In other news, Aeternity and Satoshipay join forces to offer faster crypto micropayments and Nvidia expects to clear mining […]
The post In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory appeared first on Bitcoin News.
Blockchain development company Lightning Labs announced the initial release of Lightning Network offramp Lightning Loop.
Blockchain development company Lightning Labs has announced the initial release of the Lightning Network offramp Lightning Loop in a post on its blog published on March 20.
Per the announcement, the software provides a non-custodial way to receive funds through the Bitcoin (BTC) scalability solution Lightning Network, through on-chain settlement with the “Loop Out” function.
The Loop Out function attempts to solve an issue which can affect Lightning Network users. The post explains that, after having received a certain amount via the Lightning Network, users can sometimes not receive more until he or she moves the funds on-chain, which can be done with the Loop Out feature.
Since the solution is non-custodial, the funds can be moved onto any chosen address such as an exchange, a hot wallet, a cold wallet or a crypto-to-fiat service. The announcement specifies that for this release, Loop Out transactions are limited to a maximum of 0.01 BTC.
Still, while this initial — alpha version — release focuses on the Loop Out feature, the announcement promises that a future “Loop In” function enabling users to move on-chain BTC into the Lightning Network will be added in the next version. This function will reportedly enable users to refill their Lightning Network channels with their own wallets or from exchanges.
As Cointelegraph recently reported, Bitcoin mining and development company Bitfury has entered into a partnership with United States payments processor startup HadePay to allow its merchants to accept Lightning Network transactions.
At the beginning of the current month, Morgan Creek Digital founder Anthony Pompliano suggested that major U.S. retailer Kroger should deploy the Lightning Network in its stores, following the brand’s decision to stop accepting Visa at some locations.
Many had predicted that 2019 would be the year that institutional investment floods into crypto. The timing could not be better as markets are still over 80% down from their all-time highs. Multi-billion dollar global asset manager Morgan Creek Digital (MCD) has acknowledged this with its latest investment. Venture Stage Crypto Asset Investment According to…
The post Major Institutional Arrival: Morgan Creek Delves Deeper Into Crypto With Latest Investment appeared first on NewsBTC.
An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com. Also read: Crypto Enthusiasts Unite in 4 Indian Cities […]
The post Indian Exchange Launches Lending Program for 5 Cryptocurrencies appeared first on Bitcoin News.
A Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage. After reading the commentary, Bitcoin.com CEO Roger Ver shared a four-minute video about the subject of taxes in order to spark questions in the minds of people who might not understand […]
The post This Short Animation Might Make You Think Twice About Taxes appeared first on Bitcoin News.
Payments startup Square wants to bring on crypto-focused engineers and designers, and may pay them in bitcoin.
Tuesday, March 26 will see customers of the cryptocurrency exchange Huobi experience a whole new way of getting their fingers around cryptocurrencies. Known as Huobi Prime, the system is a coin-launch platform that ensures all currencies purchased by Huobi users are immediately deposited into their accounts and tradable against the Huobi Token (HT) with minimal delays, according to a company press release. Fast Money in Your Wallet Customers will also have access to coins at below-market prices, as well as new projects and currencies not yet listed on major exchanges. Huobi’s executive team works with the project leaders of every
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Alexandria Ocasio-Cortez is blaming Fox News for her dying popularity. The New York Representative is being demonized by people from her state and across the country according to a new Siena College poll. The survey shows 44 percent of respondents as having an “unfavorable view” of the congressional newcomer. Compare this with the mere 31 percent boasting a favorable opinion. The reason people know more is bc Fox News has turned into “AOC TMZ” (no offense to TMZ), so awareness is growing w/ GOPers.@JaneMayerNYer has reported deeply on this propaganda machine + it will be aimed at any Dem they
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IBM claims that six banks will issue stablecoins using its World Wire protocol which is based on the Stellar network. According to the tech giant, three banks have publicly committed to the initiative, and the remainder will reveal themselves soon. The announcement joins the resurgence of blockchain razzmatazz this year that feels eerily similar to […]
The post It’s 2019 and IBM Is Still Trying to Find a Use Case for Blockchain appeared first on Bitcoin News.
Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in the U.S. Also Read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments Silvergate Files […]
The post Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies appeared first on Bitcoin News.
Avnet (Nasdaq: AVT), a Phoenix, Arizona headquartered technology solutions company, has announced on Tuesday that it is now working with Bitpay to accept cryptocurrency payments for its products and services including bitcoin cash (BCH). Also Read: Bitmain Releases Miner 3x More Powerful Than Its Predecessor One of the Largest Global Technology Solution Providers on the […]
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